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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Corrective Archive
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GBPUSD: Deepening Corrective Weakness
Posted on July 12, 2010 | No CommentsGBPUSD: Having halted its nearer term recovery at 1.5239, which started from its 2010 low at 1.1875 to close lower the past week, further extension of that weakness is presently seen targeting the 1.4872 level, its July 01’10 low. A firm violation of there will... -
AUDUSD: Corrective Strength Set To Break The 0.8550 Level
Posted on June 12, 2010 | No CommentsWith a higher weekly close wiping out its previous week gains the past week to close at 0.8499, risk of a recapture of its May 28′10 high at 0.8550 continues to shape. The implications of this break is that it will confirm a bottom (built... -
USDCAD: Corrective Weakness Still Dominates
Posted on June 4, 2010 | No CommentsThe pair reversed its intra day weakness to close slightly higher on Thursday and with an offered price action in early trading today a retest of that 1.0332 may be shaping. Below there if seen will highlight its former channel top at 1.0270. As highlighted... -
EURUSD: Consolidating With Corrective Upside Bias
Posted on June 3, 2010 | No CommentsThe pair remains hesitant as it continues to look for a direction. However, while the 1.2157/42 levels holds as supports, we continue to look for a corrective recovery. That zone (the 1.2157/42) has not only held on Tuesday but did hold on May 18(1.2142) and... -
EURJPY: Corrective Momentum To Target 115.46
Posted on June 3, 2010 | No CommentsHaving turned ahead of its 2010 low at 108.82, corrective risk now points higher for further up move. This is evidenced by its Wednesday price seen pushing higher with eyes on the 113.67 level, its May 28′10 high. For a full corrective recovery to occur,... -
USDJPY: Corrective Strength To Target The 91.86 level And Beyond
Posted on June 2, 2010 | No CommentsAfter reversing its intra day weakness to close flat on Tuesday, USDJPY has started Wednesday trading session on a bid tone rallying to target further higher prices. A convincing break and hold above the 91.86 level, its May 20′10 high is required to trigger further... -
AUDUSD: Looks To Cap Corrective Gains At 0.8576 Level
Posted on June 2, 2010 | No CommentsThe pair is on a second day of weakness following through lower on its Tuesday losses in early trading today. This development now sees the pair eyeing the 0.8224 level, which represents its May 27′10 low where a clean penetration will set the stage for... -
EURJPY – Vulnerable But Eyes Corrective Recovery
Posted on May 31, 2010 | No CommentsAlthough the cross closed lower the past week, loss of downside momentum was evidenced in its hammer candle formation. However, we need a follow-through higher to confirm the efficacy of the mentioned candle pattern. With EURJPY vulnerable to the downside, a further downside weakness may... -
GBPUSD: Shapes Up For Corrective Recovery
Posted on May 22, 2010 | No CommentsThe pair closed slightly lower on Thursday after printing a 2010 low at 1.4226 and failing to sustain it. This development continues to suggest that GBP could be shaping up for a possible correction. However, with an offered tone still seen, the pair remains vulnerable...